February 16, 2012--Sheikh Ahmed bin Saeed al-Maktoum, chairman of Dubai's Supreme Fiscal Committee has said the government is to continue to support state-linked entities,

Reuters has reported. "We will continue to support the GREs (government-related entities)," said Sheikh Ahmed. Asked whether the Dubai Financial Support Fund, created in 2009 to help Dubai entities, will need to be replenished after shelling out billions to support state-linked firms, such as Dubai World, Sheikh Ahmed replied: "I am pleased with the way business is going in every aspect."

Source: AME Info

Middle East ETP News

MIDEAST STOCKS-Saudi rises in early trade, most of Gulf sluggish

February 15, 2018--Saudi Arabia's stock market rose in early trade on Thursday, encouraged by strong global bourses and a slight rebound in oil prices, but most of the Gulf was sluggish because of mediocre corporate earnings.

February 8, 2018--Average yields on Egypt's six-month and one-year treasury bills fell on Thursday, data from the central bank showed, extending a decline that has taken yields to their lowest levels since the country floated its currency in late 2016.

Solactive US Internet Index used as the basis for IBI ETF trading on the Tel Aviv Stock Exchange

February 7, 2018--Solactive is pleased to announce that the Solactive US Internet Index is used as the underlying index for IBI's newly-launched ETF, I.B.I.(4D) SAL Solactive US Internet, trading on the Tel Aviv Stock Exchange.

February 4, 2018--Gulf stock markets sank early on Sunday in response to Friday's tumble on Wall Street, after U.S. data showed the strongest annual wage growth since 2009 and raised the risk of more interest rate hikes than expected this year.

February 2, 2018--Dubai Gold and Commodities Exchange (DGCX), the largest and most diversified derivatives bourse in the Middle East, began 2018 on a positive note by recording its best January in volumes and value ever, growing 40% from last year with 1,909,488 lots traded, valued at USD 47 billion (AED 172.6 billion).

January 30, 2018-- Dubai Islamic Bank pulled down the emirate's stock index in early trade on Tuesday after it announced a new share issue, while other Gulf bourses moved little.
The Dubai index slipped 1.0 percent as Dubai Islamic fell 4.1 percent.

January 30, 2018--Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) Jihad Azour expected the economic growth rate in Egypt to exceed projections hitting about 5 percent in 2018.

January 24, 2018--On January 12, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Kuwait. [1]
Non-oil growth has picked up modestly over the past two years, and inflation has moderated. After coming to a standstill in 2015, real non-hydrocarbon growth has recovered and is set to reach 2.5 percent this year, driven by improved confidence.

January 23, 2018--UNLOCKING HIGHER AND MORE INCLUSIVE GROWTH1
Like some other emerging market economies, Egypt faces the challenge of raising growth and creating
more jobs to improve the living standards of its young and growing population. The analysis in this
paper shows that past growth was characterized by a suboptimal allocation of the factors of production
and a lack of dynamism in the private sector.

ETFGI reports that assets invested in ETFs/ETPs listed in Middle East and Africa increased by 14% to reach a new high of 40 billion US dollars at the end of December 2017

January 22, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed in Middle East and Africa increased by 14.4% during 2017 to reach US$39.90 Bn at the end of December. (All dollar values in USD unless otherwise noted.)

January 18, 2018--Gulf stock markets mostly moved sideways in early trade on Thursday, with Qatari food processor and livestock trader Widam Food one of the few big movers as it soared after raising its annual dividend.